Director/PDMR Shareholding

RNS Number : 8597O
Sainsbury(J) PLC
14 June 2022
 

14 June 2022

 

J Sainsbury plc

 

Director/PDMR Shareholding

 

J Sainsbury plc (the "Company") was notified that, on 14 June 2022, shares were released to the following Person Discharging Managerial Responsibility ("PDMR") granted under the J Sainsbury plc Long Term Incentive Plan 2016. The award was granted on 14 June 2021 over ordinary shares of 284/7 pence each in the Company (the "Shares"). There were no performance conditions applicable on the award; vesting was only subject to Paula Nickolds' continued service with the Company. 50% of the Shares were automatically released on the date of vesting, with sufficient Shares sold to cover tax withholding obligations only.

 

PDMR

Number of Shares Released

 

Number of Shares sold (1)

Number of Shares retained

Paula Nickolds

28,941

13,993 (2)

14,948

 

 

(1)  The Shares were sold on the London Stock Exchange at an average price of £2.0360 per Share.

(2)  Sufficient Shares were sold to cover tax withholding obligations and the balance was retained.

 

The Notification of Dealing Form can be found below.

 

This notification is made in accordance with the requirements of the UK Market Abuse Regulation.

 

For further information please contact:

 

Dan Sek

Assistant Company Secretary

+44 (0)20 7695 2707

Notification of dealing form

 

Details of the person discharging managerial responsibilities / person closely associated  

   

a) 

Name 

Paula Nickolds 

 

Reason for the notification   

 

a) 

Position/status 

General Merchandise & Clothing Commercial Director

b) 

Initial notification /Amendment 

Initial notification 

 

Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor   

 

a) 

Name 

J Sainsbury plc 

 

b) 

LEI 

213800VGZAAJIKJ9Y484 

 

 

Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted   

 


Transaction 1  

a) 

Description of the financial instrument, type of instrument 

Ordinary shares of 28 4 / 7 pence each 

 

 

Identification code 

ISIN: GB00B019KW72 

b) 

Nature of the transaction 

Release of Shares under the J Sainsbury plc Long Term Incentive Plan 2016 

 

c) 

Price(s) and volume(s) 

Price(s) 

Volume(s) 

£nil 

28,941

d) 

Aggregated information 

 

Aggregated price 

Aggregated volume 

N/A 

N/A 

e) 

Date of the transaction 

14 June 2022 

f) 

Place of the transaction 

Outside a trading venue 


Transaction 2  

a) 

Description of the financial instrument, type of instrument 

Ordinary shares of 28 4 / 7 pence each 

 

Identification code 

ISIN: GB00B019KW72 

 

b) 

Nature of the transaction 

Sale of sufficient Shares to cover tax withholding obligations arising on release of the aforesaid Shares under the J Sainsbury plc Long Term Incentive Plan 2016 

 

c) 

Price(s) and volume(s) 

Price(s) 

Volume(s) 

£2.0360

13,993

d) 

Aggregated information 

 

Aggregated price 

Aggregated volume 

N/A 

N/A 

e) 

Date of the transaction 

14 June 2022 

f) 

Place of the transaction 

London Stock Exchange (XLON) 

 

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